Hopes the Official Cash Rate has peaked for good.
The Reserve Bank has today chosen to keep the OCR at 5.5 percent, the first time it hasn't risen since 2021.
But the Monetary Policy Committee agrees it needs to remain restrictive to ensure inflation is driven down.
Kiwibank chief economist Jarrod Kerr says they expect the OCR to remain at 5.5 percent into next year.
"We're hopeful that inflation will play out in a way that means they can start lowering the cash rate from about February. It won't be rapid, but it will be a quick descent."
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